TAX DATE EXTENSION 2021

After receiving several representations from taxpayers, tax consultants and other stakeholders
and to address the hardship being faced by various stakeholders, the Indian government has
decided to extend the time limits to 30 June 2021 in certain cases where the deadline was earlier
extended to 30 April 2021.

 
Various notifications issued under the Taxation and Other Laws (Relaxation) and Amendment of
Certain Provisions Act, 2020, will extend timelines for passing of any order for assessment or
reassessment, passing an order consequent to direction of DRP, issuance of notice for reopening
the assessment and sending intimation of processing of equalisation levy.
 

Govt grants respite to taxpayers in difficult COVID times. Extends certain timelines.
Time barring dates extended to 30th June, 2021 for certain cases.
Dt for payment under #VivadSeVishwas Act,2020 without additional amount also extended to
30th June, 2021.
Press release issued pic.twitter.com/mNf2EQxEQz

— Income Tax India (@IncomeTaxIndia) April 24, 2021

 
In a release, the government says, it has also that time for payment of amount payable under the
Direct Tax Vivad se Vishwas Act 2020, without an additional amount, shall be further extended
to 30 June 2021. The Central Board of Direct Taxes ( CBDT) also notified 1st July instead of 1
May 2021 as the date for payment of amount with additional tax as per fourth column of table
under section 3 of Vivad se Vishwas Act.
 
Here are the cases that received extension till 30th June...
 
(i) Time limit for passing of any order for assessment or reassessment under the Income-tax Act,
1961 the time limit for which is provided under section 153 or section 153B thereof;
 
(ii) Time limit for passing an order consequent to direction of DRP under sub-section (13) of
section 144C of the Act;
 
(iii) Time limit for issuance of notice under section 148 of the Act for reopening the assessment
where income has escaped assessment;
 
(iv) Time Limit for sending intimation of processing of Equalisation Levy under sub-section (1)
of section 168 of the Finance Act 2016.